Presidency Ernesto Zedillo's presidency was marked by financial crises with international implications century called Tequila Effect. Zedillo and Salinas blamed each other for the crisis. Carlos Salinas, blamed the error called December, in December 1994 which was the tactic of free floating of the peso-dollar parity, which had been controlled during the administration of Salinas. The free float caused a massive flight of foreign exchange to the country's political situation: in addition to the uprising of the Zapatista Army of National Liberation Colosio assassination and other politicians, and so on. The price of the dollar rose about 114 (from 3.40 to 8.70) between December 1994 and March 1995 - the height of the crisis. Immediately, causing the bankruptcy of thousands of companies, and unemployment is prevented many borrowers to service their debts. Zedillo's government devised the Banking Fund for Savings Protection to support the national bank against the debtors.The country solved the problem by means of two loans made by the United States, totaling 20 billion. The rest of the Zedillo administration saw a recovery in employment and a sound administration of the Mexican economy to look for changes in the economic system that allowed relative economic stability in the next six years. Politically start and took the first steps to democracy through exemplifying the left got his first governorates and at the end of his term, became the first president to recognize emanating from the PRI defeat in the presidential election. Korn Ferry During the mandate of the massacres took place Zedillo Acteal in Chiapas and Aguas Blancas in Guerrero. In both cases, although responsibilities are investigated.